KGD

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0.6¢ kula gold limited

News: Kula Gold edges closer to production with mining lease award, page-3

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03/08/14

07:17

Post #: 13760468
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Originally posted by danhoff ↑

Let me comment on a couple of things here. I bought KGD when it was a bargain at $1, Then more of a bargain at 70 cents. Then more of a bargain at 40 cents.

Let us look at the track record. If I recall correctly in the last three years KGD has not added ONE OZ to resources or reserves. Three years ago they also had "numerous nearby exploration targets". Over three years that equated to NOTHIN. Why would that equate to something now?

I am happy for KGD to get paper work done. I am amazed it cost $150 mill to fill in some paper work. Given the abilities of this mob to pay $150 mill to fill in paper work, Lord knows what they will spend to construct a plant worth between 100 mill and 200 mill. I can only guess $50 bill or so.

On paper, this company is the same as it was 3 to 4 years ago. It is just that they have spend $150 MILLION doing nothing. Man, I have a pretty wild wife, but I think even she could not get through the dollars at the KGD pace.

I am happy to stand corrected. Aside from getting a mining lease... what did KGD do with $150 mill. Somebody tell me.

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Lots of junior miners got floated on ASX & never make it to mine construction stage. Let alone production. Many directors are there just to get admin salary while concentrating on their other unrelated businesses.

Best is to become narrow minded & blind loyalty....... sell out & buy other mining stocks. Should consider "Zinc". They are in deficit & on fire.

Cheers

KGD Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held
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Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $5.467M

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News: Kula Gold edges closer to production with mining lease award, page-3

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